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Articles in category: BoardBlogs
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Even Elon Musk Seems to Beg Tesla's Board to Save Him From Himself
Read Full ArticleAmong the many disturbing parts of the New York Times interview with embattled Tesla CEO Elon Musk, this line got my attention: "Some board members have expressed concern not only about Mr. Musk's workload but also about his use of Ambien, two people familiar with the board said."...
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Senator Warren’s Bizarro Corporate Governance
Read Full ArticleSome legal ideas are so wacky, they could only come from a law professor. Unfortunately, one of those law professors is now in the United States Senate—Elizabeth Warren, who on Wednesday introduced legislation that would reverse the principles of American corporate governance that have enabled our economy to thrive...
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Elizabeth Warren: Companies Shouldn’t Be Accountable Only to Shareholders
Read Full ArticleMy new bill would require corporations to answer to employees and other stakeholders as well. Photo: Richard Drew/Associated Press Elizabeth Warren Aug. 14, 2018 7:01 p.m. ET Corporate profits are booming, but average wages haven’t budged over the past year. The U.S. economy has run this way for decades, partly because of a fundamental change in business practices dating back to the 1980s. On Wednesday I’m introducing legislation to fix it...
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Study Finds Companies Run Better With LGBTQ Leadership
Read Full ArticleStudy Finds Companies Run Better With LGBTQ Leadership "Simply put, diversity is good for business." by Lamar Dawson 22h ago If your company is underperforming, maybe you don’t have enough gays in your directory. According to a recent study commissioned by the Wisconsin LGBT Chamber of Commerce, businesses with LGBTQ representation in senior leadership report better firm performance than those without.
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Tesla's Slow Disclosure Raises Governance, Social Media Concerns
Read Full Article(Reuters) - Tesla Inc’s (TSLA.O) handling of Chief Executive Elon Musk's proposal to take the carmaker private and its failure to promptly file a formal disclosure has raised governance concerns and sparked questions about how companies use social media...
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Tesla Board's Independence Faces Tough Test
Read Full ArticleElon Musk’s surprising buyout idea for Tesla puts the spotlight on its board members, most of whom have close business or personal relationships with the electric-car company’s leader...
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Why Elon Musk Wants to Take Tesla Private
Read Full ArticleTesla shares went on a wild ride Tuesday after CEO Elon Musk said on Twitter that he was hoping to privatize the company at $420 a share. At that price, the market value of Tesla would be about $71 billion...
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Why Glencore Plc’s (LON:GLEN) Investor Composition Impacts Your Returns
Read Full ArticleI am going to take a deep dive into Glencore Plc’s ( LON:GLEN ) most recent ownership structure, not a frequent subject of discussion among individual investors. Ownership structure has been found to have an impact on shareholder returns in both short- and long-term. Since the same amount of capital coming from an activist institution and a passive mutual fund has different implications on corporate governance, it is a useful exercise to deconstruct GLEN’s shareholder registry...
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Why PepsiCo Paid CEO Indra Nooyi $31 Million, Remained Key Westchester Corporate Titan
Read Full ArticlePepsiCo described its leadership change as part of a long-term strategy to navigate industry upheaval, such as consumer shifts away from sugary drinks and packaged foods...
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Dig Into The Surprising Success Of Darden Restaurants
Read Full ArticleDarden Restaurants is a lesson to managers. Stay focused on creating shareholder wealth...
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Beginning Your Board Service Journey: Opportunities Beyond Nonprofits
Read Full ArticleI do a lot of speaking to professionals, including lawyers, about demystifying board service. No matter how often I speak, the same questions often come up. One of the most common is: “Is serving on a nonprofit board a good way to start a for-profit board journey?” The short answer is: “Maybe.” Depending on how well the board is run, what you do there, and who else serves with you, serving on a nonprofit board may be a great jumping-off point for your for-profit board service. But there are two reasons I am always ...
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Why Investors Should Diversify More than just their Assets
Read Full ArticleMany are broadening their focus to include corporate governance , invoking investing's fundamental tenant — diversification — as one measure of a ...
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Japan Inc. Needs to Pay for Performance
Read Full ArticleAlmost three decades ago, the Texan oilman T. Boone Pickens attempted to charge into a Japanese boardroom. He had accumulated around one-third of the company – worth almost $1 billion at the time – yet a seat at the table eluded him. There was nothing to force the directors to accept him...
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The Regulation of Proxy Advisors
Read Full ArticleRecently, the Senate Committee on Banking, Housing and Urban Affairs held a hearing on various legislative proposals aimed at improving corporate governance, including the Corporate Governance Reform and Transparency Act, H.R. 4015, that would regulate the activities of proxy advisory firms like Institutional Shareholder Services (ISS) and Glass Lewis...
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Will People Start Taking Cybersecurity Seriously In 2018?
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CBS’s Board Pretends to Know What It’s Doing
Read Full ArticleCBS Corp. takes the prize this year for most dysfunctional corporate governance. It’s lucky the disarray isn’t showing up in its business operations — well, not yet.
The $20 billion media company is mired in a bitter legal battle against its controlling shareholder, Shari Redstone, a situation that has turned nasty, with both sides trading jabs and accusations in recent months...
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Even With an Activist, Campbell Soup’s Prospects May Not Be Hot
Read Full ArticleWhere we're headed: Campbell shares are higher today, on hopes that activist investor Third Point will push for more changes....
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Awakening The Sleeping Board Of Directors
Read Full ArticleIt is hard not to wonder if this crisis is news to the board. Did they really not know or suspect anything? If they didn’t, why not?
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Does Nelson Peltz Have More Power in Boardroom With P&G's Mixed Quarter?
Read Full ArticleP&G's quarter was far from clean. So the question now is, do the mixed results give activist investor and board member Nelson Peltz more firepower to drive changes?...
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How to Build a Truly High-Functioning Board of Directors
Read Full ArticleIn the early 2000s, a Fortune 500 company arranged a dream team board of directors that included several oil and gas company executives, a former General Electric exec, a Stanford professor and even a former member of Britain's House of Lords...
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Nestle (Partly) Shows How to Answer an Activist
Read Full ArticleNow that’s how to answer an activist investor. Nestle SA, under pressure from Dan Loeb’s Third Point, on Thursday reported first-half sales growth that beat analysts’ expectations...
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To Be Or Not To Be -- Qualcomm and NXP
Read Full ArticleThe deal would create a company with unmatched breadth in intellectual property for wireless communications and interconnects, security, microcontrollers and processors, and sensors – the critical components of the Internet of Things (IoT)...
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Politics Have Already Entered the Boardroom
Read Full ArticlePhil Gramm and Mike Solon’s “Keep Politics Out of the Boardroom” (op-ed, July 19) criticizing the role of large index managers misrepresents State Street Global Advisors’ core investment mission. We engage with companies not to force arbitrary political or social “values” on them, but rather to promote long-term value for millions of investors saving for the future in a world that has become increasingly obsessed with the short term...
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